Freightliner sale set to give £100m to management, Electra and 3i

Electra and 3i, the buy-out firms, are set to make a bumper return from the sale of Freightliner, the UK railway transport company they bought for £5m in 1996 and are now hoping to sell for more than £100m (€144m).

The firms each own 30% of Freightliner, which they bought when it was privatised. The company's management, which bought 30% of the company for a small but undisclosed sum as part of the buy-out, stands to gain more than £30m.